Hello There! Welcome to my new analysis of EURCAD from the 4-hour timeframe perspective. Within recent times the forex currency pair already emerged with a massive bearish inclination that should not be underestimated especially as the momentum already reached an accelerated point. Now, a major consideration is whether this bearish dynamic holds on or is going...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.42900 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.42900 support and resistance area. Trade safe, Joe.
We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target,...
Sell EURCAD Bearish Channel Sell Eur/Cad @ 1.4355 Tp - 1.4270 Sl - 1.4385 Its Good chance to sell today, Thank you
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.43900 zone, EURCAD is trading in a downtrend and currently is in a consolidation phase in which it is approaching the trend at 1.43900 support and resistance area. Trade safe, Joe.
The EURCAD pair has been decreasing since the August 30 High that formed the 1.48250 Resistance (1). Being below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), the long-term outlook looks bearish, considering also the fact that we may have completed a huge Head and Shoulders pattern since December. However, the price is decelerating the...
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.44500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.44500 support and resistance area. Trade safe, Joe.
EURCAD broke and closed below a support of a horizontal range and a rising trend line. The violation of both horizontal and vertical key structures is an important sign of strength of the sellers. The prices may go much lower now. Next support - 1.4505 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.46400 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46400 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.47500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.47500 resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47300 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.47300 support and resistance area. Trade safe, Joe.
Hello everyone, Short trade/ Trend breakout, in my opinion buy after the market will open in one descending chart. In my opinion : TP 1.45500 SL 1.48000 Thank You, and Goodluck. I will appreciate your Like & Follow us. 💓 💓 💓
The news from the beginning of this week: The dollar is still considered the pillar of the post-war world monetary order. The Brics, who meet in South Africa next week, believe the currency gives the US disproportionate power. The European economy has not entered a recession. In the second quarter, the combined gross domestic product (GDP) of the twenty...
The EURCAD pair is consolidating on the 1D time-frame above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). This analysis is basically an update on July's pull-back buy idea (see chart below): The price is now entering the secondary bullish wave of this sequence, continuing to mirror the February - April fractal. However, we do have to...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47700 zone, EURCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.47700 resistance area. Trade safe, Joe.
In this trading analysis, we will provide insights into the prevailing short-term bearish bias for the EUR/CAD currency pair. We will focus on the fundamental factors that contribute to the Canadian Dollar (CAD) strength and the support from rising oil prices. Additionally, considering that an open sell position on this pair is already established, we will assess...
8th August 2023 DXY: break above 102.40 to trade higher toward 102.80 resistance NZDUSD: Sell 0.6050 SL 20 TP 60 AUDUSD: Sell 0.6510 SL 25 TP 45 USDJPY: Buy 143.20 SL 30 TP 60 GBPUSD: Sell 1.27 SL 25 TP 90 EURUSD: Sell 1.0960 SL 20 TP 40 USDCHF: Wait, look for reaction along 0.88 USDCAD: Sell 1.3360 SL 30 TP 60 Gold: break 1930, below 1929, could see 1924
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more